Facebook (FB) introduced a new way for people in the U.S. to use Marketplace to find the right professional for the job, starting with home services. By working with industry leaders, Handy, HomeAdvisor (ANGI) and Porch, Marketplace will: Provide an all-in-one place to complete your next home project - from proposal to completion; Offer hundreds of thousands of top-rated professionals across the U.S.; Simplify your decision by showing you professionals' ratings, reviews, credentials and location; Make it easy to get a quote: simply describe the project you need help with and send your request to multiple professionals at once; Easily communicate in real-time with your service professional via Messenger. The new services experience begins rolling out today, and it will be available across the U.S. over the coming weeks. Reference Link

The New York Stock Exchange, part of the Intercontinental Exchange (ICE), announced it will launch a new equity option contract on the NYSE FANG+ Index - a new product that offers exposure to a select group of highly-traded next generation technology and tech-enabled companies. The NYSE FANG+ Index Option contract will trade in the United States exclusively on the NYSE's options markets, NYSE Arca and NYSE American, beginning Monday, June 11. The NYSE FANG+ Option contract will be European style, cash-settled, with a $100 multiplier and will trade under the symbol "FAANG". It follows the NYSE FANG+ Futures contract launched in November 2017, which is listed on ICE Futures U.S. The NYSE FANG+ Index is equal-weighted and consists of ten stocks including five core FANG stocks -- Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX) and Alphabet's (GOOG, GOOGL) Google, and five actively-traded technology growth stocks -- Alibaba (BABA), Baidu (BIDU), NVIDIA (NVDA), Tesla (TSLA) and Twitter (TWTR).

HomeAdvisor, an operating business of ANGI Homeservices (ANGI), announced that the company is powering a new way for consumers to book a home services appointment through Facebook Marketplace (FB). Through Facebook Marketplace, consumers can search and be matched with service providers who perform a variety of tasks, including HomeAdvisor service professionals. Consumers can then easily communicate and request quotes directly with their matches via Messenger.

Institut Curie and Intel initiate a pioneering collaboration to develop, use and implement innovative bioinformatics tools, pipelines and techniques to improve the use of molecular profiling across both research and clinical oncology settings. Precision medicine for cancer requires the delivery of individually adapted medical care based on the genetic characteristics of each patient. The last decade witnessed the development of high-throughput technologies such as next-generation sequencing, which paved their way in the field of oncology. While the cost of these technologies decreases, we are facing an exponential increase in the amount of data produced. In order to open access to precision medicine-based therapies to more patients, healthcare providers have to rationalize both their data production and utilization. This requires the implementation of cutting-edge technologies: high-performance computing and artificial intelligence. The pioneer collaboration initiated between the Curie Institute Bioinformatics platform and Intel aims at answering those challenges by defining a leading model in France and Europe. This collaboration will grant Institut Curie access to Intel experts for defining high-performance computing and artificial intelligence infrastructure and ensuring its optimization in order to implement the Intel Genomics ecosystem partner solutions and best practices, for example the Broad Institute for Cancer Genomics pipeline optimization. Also anticipated is the development of additional tailored tools needed to integrate and analyze heterogeneous biomedical data. The collaboration will implement Intel Select Solutions for Genomics Analytics based on Intel Xeon Scalable processors and Intel Omni-Path Architecture.

Facebook's management team, which is now over 20 people, is surprisingly loyal with the upper ranks having an average tenure of almost ten years at the company, Recode reports, citing its analysis of the team through conversations and interviews. One member of the management team, Mike Vernal, left Facebook for venture firm Sequoia two years ago and WhatsApp CEO Jan Kourn, who joined through a takeover, departed at the end of April but the company's top ranks have stayed intact despite 18 months of near-constant scandal due to Russia, Cambridge Analytica, Myanmar or other company oversights. Reference Link

Facebook CEO Mark Zuckerberg frustrated MEPs in his hearing with a dozen of the European Parliament's leaders and was accused of evading questioning, the Financial Times reports, citing the hearing. Zuckerberg, who was asked to address Facebook's responsibility for the Cambridge Analytica data scandal, its compliance with new EU privacy laws and whether it would cooperate with Brussels competition authorities over its market dominance, failed to deliver answers and only broadly touched on the themes leading Guy Verhofstadt, head of the liberal group in Parliament, to demand written answers in the coming days. Reference Link

Stocks opened with modest gains and moved in a fairly narrow range in the early hours before gaining a bit of downward momentum in the afternoon. With the market in the bit of a news vacuum there has been little for investors to key on beyond headlines regarding trade talks between the U.S. and China and comments from President Trump about whether the summit with North Korea will take place in June as scheduled. ECONOMIC EVENTS: In the U.S., the Richmond Fed manufacturing index came in at 16, versus the consensus call for a May reading of 10. On the trade front, China's Finance Ministry said that it will cut import tariffs on some vehicles to 15% from as high as 25%, adding that tariffs on some automotive parts would fall to 6%. Additionally, The Wall Street Journal reported the U.S. and China have reached the broad outline of a deal to settle the controversy over ZTE (ZTCOY) that would lift the ban on U.S. companies selling components and software to the Chinese telecom company in exchange for major management changes and fines. According to CNBC, however, U.S. president Donald Trump said that his administration has not yet reached an agreement with China on ZTE. In energy news, Reuters reported that OPEC may raise oil output as soon as June amid worries over Iranian and Venezuelan supply as well as U.S. concerns about the extent of the recent rally in oil prices. COMPANY NEWS: Shares of J.C. Penney (JCP) slid 6% after the department store owner announced that Chairman and CEO Marvin Ellison will resign to take over as CEO at home improvement retailer Lowe's (LOW). Lowe's shares, which initially were reacting favorably to what Baird analyst Peter Benedict told investors was a "best-case scenario" for Lowe's shareholders, reversed and closed about 2% lower... Elsewhere in retail, Kohl's (KSS) shares fell 7.5% after the department store operator reported better than expected first quarter sales and profits that were boosted by a shift in its "Friends & Family" promotion... Micron (MU) shares rose a bit over 6% after the company hosted its investor day event yesterday, where it pre-announced better than expected quarterly results, announced a $10B stock buyback authorization and reported progress in its 3D NAND technology joint efforts with Intel (INTC)... Meanwhile, Amazon (AMZN) was in focus after the American Civil Liberties Union said it objects to the tech giant selling its facial recognition tool to the government. The ACLU said it sent a letter to Amazon CEO Jeff Bezos demanding that the company stop providing such technology to the government, saying that the tool is "primed for abuse in the hands of governments, poses a grave threat to communities already unjustly targeted in the current political climate, and undermines public trust in Amazon." MAJOR MOVERS: Among the noteworthy gainers was Photronics (PLAB), which rose 7.7% after reporting quarterly results. Also higher was Ferroglobe (GSM), which gained 4% after reporting quarterly results and after its board reinstated the dividend with an interim payment of 6c per share. Among the notable losers was Pure Storage (PSTG), which dropped 6% after it reported quarterly results and provided guidance for the second quarter and fiscal 2019. Also lower was Toll Brothers (TOL), which fell about 10% after the homebuilder's report of quarterly results. INDEXES: The Dow fell 178.88, or 0.72%, to 24,834.41, the Nasdaq lost 15.58, or 0.21%, to 7,378.46, and the S&P 500 declined 8.55, or 0.31%, to 2,724.46.